GBP/CHF broke pivotal resistance level 1.4290
- GBP/CHF broke pivotal resistance level 1.4290
- Next buy target - 1.4600
GBP/CHF recently broke through the resistance zone lying between the pivotal resistance level 1.4290 (which stopped the previous waves (b) and 2 in February and March) and the 61.8% Fibonacci correction of the previous intermediate downward impulse wave (C) from February. The breakout of this resistance zone accelerated the active minor impulse waves 3 and (3) – both of which belong to the primary impulse wave Ⓒ from the start of April.
GBP/CHF is expected to rise further to the next buy target at the resistance level 1.4600 (target price calculated for the completion of the active impulse wave (3)).